Industrial dispute

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Written on Aug 20, 2021
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A disagreement between employees and employers concerning pay, hours of work, working conditions, manning levels, or job security. Industrial disputes may be settled by conciliation; by arbitration through some third party agreed on by both sides or prescribed by law; or by industrial action, including overtime bans, go-slows, or in the last resort strikes or lock-outs. The employees may be organized by trade unions; employers may negotiate separately or via employers’ associations.

Reference: Oxford Press Dictonary of Economics, 5th edt.


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James Knight

James Knight

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...